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Novartis Stock Hits New 52-Week High (NVS)

Novartis (NYSE:NVS) hit a new 52-week high Friday as it is currently trading at $69.34, above its previous 52-week high of $69.01 with 134,869 shares traded as of 9:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Novartis (NYSE: NVS) hit a new 52-week high Friday as it is currently trading at $69.34, above its previous 52-week high of $69.01 with 134,869 shares traded as of 9:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Novartis has a market cap of $166.03 billion and is part of the health care sector and drugs industry. Shares are up 8.4% year to date as of the close of trading on Thursday.

Novartis AG engages in the research, development, manufacture, and marketing of a range of healthcare products worldwide. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Novartis as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Novartis Ratings Report.